Drug Channels delivers timely analysis and provocative opinions from Adam J. Fein, Ph.D., the country's foremost expert on pharmaceutical economics and the drug distribution system. Drug Channels reaches an engaged, loyal and growing audience of nearly 100,000 subscribers and followers. Learn more...

Wednesday, June 29, 2022

Drug Channels News Roundup, June 2022: Drug Spending in 2021, PBM Exclusions, Employers vs. Rebates, GoodRx Questions, and More Prior Authorization Humor

I can’t recall any period in my life when our country has been so divided and polarized. Through the Drug Channels Institute, I strive to provide you with fact-based and balanced coverage—along with links to source materials so you can make up your own mind.

So before you launch your July 4 festivities and/or a civil war, Drug Channels humbly offers some data fireworks for our troubled nation:
  • More evidence of slow growth in drug spending for 2021
  • Fresh data on skyrocketing PBM formulary exclusions
  • Employers still hoarding rebates
  • Pharmacy pricing in the era of GoodRx
Plus, Dr. Glaucomflecken continues his humorous assault on insurance prior authorizations.

P.S. Join my nearly 29,000 LinkedIn followers for daily links to neat stuff. You can also find my daily posts at @DrugChannels on Twitter, where I have nearly 14,500 followers.

Friday, June 24, 2022

Exposing the Facts About Voucher and Bridge Pricing

Today’s guest post comes from Logan Melchione, Senior Director of Account Management at Paysign.

Logan describes how some patient affordability vendors capture funds that were intended for patients. She then provides manufacturers with ideas to better manage and oversee copay, bridge, and voucher programs.

To learn more, register for Paysign’s July 13 webinar: Affording Patient Affordability Programs: The Truth About Voucher and Bridge Pricing.

Read on for Logan’s insights.

Wednesday, June 22, 2022

How PBMs and Discount Cards Impact Generic Drug Prices (video)

Recently, I explored the complex web of relationships and conflicts that support today’s discount card economics. See The GoodRx-Kroger Blowup: Spread Pricing, Pharmacy Margins, and the Future of Discount Cards.

In the video below, I discuss how generic drug pricing and the rise of patient-paid, discount card prescriptions pose a risk to pharmacy benefit plans and the PBM business. I also highlight the odd relationship between Prime Therapeutics, Amazon Pharmacy, Express Scripts, and five Blues plans.

The video is excerpted from my PBM Industry Update: Trends, Controversies, and Outlook video webinar. If you missed the live event, you can register to watch a replay.


Tuesday, June 21, 2022

National Association of Specialty Pharmacy (NASP) 2022 Annual Meeting & Expo

National Association of Specialty Pharmacy (NASP) 2022 Annual Meeting & Expo
September 19-22, 2022 | Gaylord Palms Resort & Convention Center | Orlando, FL

The National Association of Specialty Pharmacy (NASP) will host the NASP 2022 Annual Meeting & Expo September 19-22. NASP will celebrate their 10th Anniversary and welcome attendees to a new conference venue – the gorgeous Gaylord Palms Resort & Convention Center, located in Orlando, Florida.

Register today for this premier industry event!

The conference agenda is jam-packed and offers something for everyone, whether you are new to the industry or a seasoned expert.

Conference highlights include:
  • 40+ unique educational sessions organized into four dynamic tracks to help you focus on what is most important to you
  • Continuing education credits for pharmacists, nurses, and technicians
    • Montel Williams, an Emmy Award winner, decorated former naval officer, inspirational speaker, author, entrepreneur, multiple sclerosis patient and advocate for patients worldwide
    • Justin Patton, executive coach, will lead the conference in challenging attendees to Reimagine What’s Possible
    • Monica Pearson, distinguished journalist and humanitarian, and the first woman and first minority to anchor the daily evening news in Atlanta, Georgia
  • Six pre-conference workshops: Accreditation Workshop (1/2 day), Certified Specialty Pharmacist (CSP) Exam Preparation Course, Home Infusion Workshop (1/2 day), Hospital/Health Systems Specialty Pharmacy Workshop, Specialty Pharmacy Law Conference, and Technology Day Workshop (additional fee required for workshops)
  • Dynamic Exhibit Hall featuring exhibitors representing all specialty pharmacy industry stakeholders
  • The ever-popular Women in Specialty Pharmacy Luncheon, featuring motivational keynote speaker Amelia Rose Earhart (additional fee required)
  • Educate to Cultivate Networking Event -- reconnect with industry colleagues and friends over lunch and learn more about Florida’s oldest industry and time-honored tradition, the authentic and skilled art of cigar rolling (additional fee required)
  • CE satellite symposia
  • Poster presentations and author discussions
  • NASP Industry Awards presentations
  • The NASP Ron Bookman Scholarship Awards
  • Direct interaction with industry thought leaders and experts
  • Ample networking opportunities
  • 10th Anniversary Gala Celebration

Register today for this premier industry event!

The content of Sponsored Posts does not necessarily reflect the views of Pembroke Consulting, Inc., Drug Channels, or any of its employees. To find out how you can promote an event on Drug Channels, please contact Paula Fein (paula@drugchannels.net).

Friday, June 17, 2022

Technology that Supports Patients and Brands at Every Point of the Medication Access Journey

Today’s guest post comes from Shawn Seamans, Chief Commercial Officer at CoverMyMeds.

Shawn discusses how technology can be combined with human intervention to better help patients access, afford, and adhere to their therapies. He then describes how three patients benefited from support solutions.

For more information about how CoverMyMeds’ solutions can support the patient journey for your brand, visit their digital commercialization experience.

Read on for Shawn’s insights.

Tuesday, June 14, 2022

A New JAMA Study Misleads About Drug Prices—And Launches a New Attack on Patients with Ultra-Rare Diseases

Last week, the authors of a new JAMA study claimed that “prices for new drugs are skyrocketing.” Their research, along with a simultaneously released New York Times op-ed, received widespread media coverage. Links below.

But as I explain, the study’s headline conclusion is highly misleading. The authors obscure the real story with mathematical sleight-of-hand that misrepresents the underlying data and overlooks the true nature of today’s pharmaceutical innovations.

Most notably, the authors discount the fact that the most expensive new drugs treat ultra-rare conditions affecting extraordinarily small patient populations. Their policy recommendations would therefore have a devastating impact on these patients and their hope for treatments and cures.

As Nobel prize winner Ronald Coase observed: “If you torture the data long enough, it will confess to anything.” Read on and consider what the data are really saying.

Monday, June 13, 2022

Informa Connect’s IDN & Bio/Pharma Partnering Summit

Informa Connect’s IDN & Bio/Pharma Partnering Summit Hybrid Event
August 16-17, 2022 | Philadelphia, PA

Don’t miss the IDN & Bio/Pharma Partnering Summit coming up this summer in Philadelphia, where you'll be part of the important discussions on how to best optimize strategic partnerships to improve patient access and outcomes. This event showcases novel case studies and in-depth sessions that focus on innovative partnership models that will aid in delivering enhanced value, manageable costs and high-quality results.

Visit www.informaconnect.com/IDN for further details and to register. Drug Channels readers will save 10% off when they use code 22DRCH10 and register prior to June 31, 2022.*

The 2022 format includes 2 days of in-person programming, plus a virtual offering of select sessions and recorded presentations available on-demand for 12 months following the conference. Both the in-person and virtual options will include networking opportunities to connect with industry peers and colleagues.

The Summit features coverage on the hottest topics impacting you today, from speakers representing Atrium Health, Bayer, Cone Health, CSL Behring, Fairview Health Services, Nebraska Medicine, NYU Langone Health System, Pfizer, Quil Health, Tempus Labs, TG Therapeutics, University of California, Davis, University of Illinois at Chicago, College of Pharmacy, University of Pennsylvania Health System, Vanderbilt Specialty Pharmacy and Vifor Pharma.

View the agenda to see the complete picture – the program, speakers, and more!

Visit www.informaconnect.com/IDN for further details and to register. Drug Channels readers will save 10% off when they use code 22DRCH10 and register prior to June 31, 2022.*

*Cannot be combined with other offers or used towards a current registration. Cannot be combined with special category rates or other offers. Other restrictions may apply.

The content of Sponsored Posts does not necessarily reflect the views of Pembroke Consulting, Inc., Drug Channels, or any of its employees. To find out how you can promote an event on Drug Channels, please contact Paula Fein (paula@drugchannels.net).

Friday, June 10, 2022

Five Ways Tech Can Transform Your Program Delivery

Today’s guest post comes from Edward Hensley, Co-founder and Chief Commercial Officer at AssistRx.

Edward offers five ways life sciences companies can use technology to transform their patient support services and thus differentiate their products.

To learn more, sign up for AssistRx’s free webinar Specialty Pharma’s 2022 Patient Support Trends: Progress Check.

Read on for Edward’s insights.

Tuesday, June 07, 2022

Pharmacist Job Market in 2021: Retail Pharmacy Slump, Hospital Boom

Time for an update to the Drug Channels Institute (DCI) annual analysis of pharmacist salaries and employment.

The retail pharmacy shakeout affected 2021 pharmacist employment. We found that retail pharmacies and drugstores employed fewer pharmacists, while hospitals and outpatient centers continued to add positions. As a result, the share of pharmacists who work in non-retail practice settings reached a new high.

What’s more, average base salaries for retail pharmacists dropped for the second year, while salaries continued to rise for pharmacists employed by hospitals, physician offices, and other non-retail settings. Full salary data below for your enjoyment or sorrow.

As expected, the past few years have been highly challenging for retail-employed pharmacists. Expect further declines as the shakeout continues.

Friday, June 03, 2022

The Case for Data Unity, Sharing, and Usability

Today’s guest post comes from Bonnie Briggs, Associate Director of Clinical Effectiveness at Wolters Kluwer, Health.

Bonnie describes how pharmaceutical care would benefit from standard medical record identification. She then discusses the practical issues behind implementing and adopting such a system.

To learn more, download the Wolters Kluwer free ebook: Drug Data Unity: Realistic and Idealistic Futures for Information Exchange.

Read on for Bonnie’s insights.